"The traditional property tax is a barrier to the preservation of affordable housing. Although it is typically only 1% or 2% of value, it is applied not only when an improvement is made, but every year thereafter so long as that improvement…"
Rick Rybeck's Groups
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Neighborhood Stabilizati…
222 members
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Transit-Oriented Develop…
46 members
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Affordable Housing - Gen…
139 members
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Rental Housing Preservat…
180 members
Rick Rybeck's Page
Latest Activity
"There are about 20 jurisdictions in Pennsylvania that have reduced or eliminated the property tax disincentive that creates a barrier for the construction, improvement and maintenance of buildings. The typical property tax is about 1% or 2% of…"
"Let me know if I can assist you regarding research or implementation issues."
"The property tax on building values is typically 1% or 2% of value. However, unlike a sales tax which is paid only once, a property tax is paid each and every year that an improvement adds value to a property. Using a net present value…"
"Transit infrastructure can be a double-edged sword. We create it to facilitate development & to assist low-income households. Yet, well-designed and well-executed transit can result in higher land prices that chase development away…"
Perversity of Infrastructure
Jurisdictions create infrastructure to facilitate development. Yet, where these projects are successful, they lead to higher land prices that often force development to occur at cheaper, more remote sites. When residents and businesses move into these more remote locations, they discover that they do not have the infrastructure that they need. When infrastructure extensions are made, the cycle begins anew. Thus, even though there might be excess capacity at the location of the initial…See More
Profile Information
- Title
- Director
- Organization
- Just Economics, LLC
- City
- Washington
- State
- DC
- Where are you involved in housing policy?
- Federal level, State level, Local - Urban
- Describe yourself (interests, job responsibilities, experience, etc.) - please note that you can use the Settings link on the right side of the page to add or edit this response at any time
- Author, "Meeting America's Housing Needs," 1982
Author, "Tax Reform Promotes Sustainable Development" 1996
Author, "Using Value Capture to Finance Infrastructure & Encourage Compact Development,” 2004
http://www.justeconomicsllc.com
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